IRS Clarifies its Confusing ‘Airdrop’ Cryptocurrency Tax Policy

IRS Clarifies its Confusing ‘Airdrop’ Cryptocurrency Tax Policy

America’s top tax authority, the Internal Revenue Service (IRS), has somewhat provided clarification about its recent cryptocurrency tax guidelines. However, their final decision regarding taxing promotional airdrops is yet to be made. Critics pointed out a range of potential problems with the latest guidelines, issued in October.